Economy, Business And Markets

Iran Steel Output Surges

The production of finished steel, including hot-rolled coil (1.4 million tons), increased 5% YOY to reach 3.4 million tons
Iran Steel Output Surges 13%Iran Steel Output Surges 13%
Direct-reduced iron production stood at 4.25 million tons, indicating a 29% rise YOY

Iranian steelmakers produced a total of 7.66 million tons of semi-finished and finished steel products during the first two months of the current fiscal year (started March 21), registering a 13% growth compared with last year’s corresponding period.
Semis made up 4.25 million tons of the total figure, registering a 21% growth YOY.
Billet and bloom output made up 2.23 million tons of the total figure while that of slab reached 2.02 million tons, recording a 30% and 12% year-on-year rise respectively.
As for finished steel, output increased 5% YOY to reach 3.4 million tons.


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